Progression of British football transfer fee record

The progression of the British football transfer fee record tracks the increases in the record for the highest transfer fee paid or received by British association football clubs. A transfer fee is the sum of money paid by one club to purchase the contract, and therefore the playing services, of a professional footballer. Fees are not generally formally disclosed by the clubs involved, and discrepancies can occur in figures quoted in the press. Trevor Francis, for example, is regarded as Britain's first £1m player but was officially transferred for £975,000. The generally reported figure of £1,180,000 included Value Added Tax, fees to the Football League and Francis' signing fee. Discrepancies may also occur due to deals which involve additional sums to be paid at a later date after a player has made a certain number of appearances, joint fees for two or more players, or deals in which one player is exchanged for a sum of money plus another player.

The first ever three-figure transfer fee was the £100 paid by Aston Villa in 1893 for Willie Groves. Eleven years later, Alf Common joined Middlesbrough for the first ever four-figure fee, a sum which caused a national sensation and outrage amongst the football authorities. The £5,000 mark was first reached in 1922 when Falkirk paid that amount for West Ham United's Syd Puddefoot, and six years later Arsenal paid the first ever £10,000 fee to acquire David Jack of Bolton Wanderers. After the Second World War, the spending power of clubs in mainland Europe outstripped that of British clubs for the first time, resulting in several substantial jumps in the transfer record. John Charles became the first British player to command a fee of £50,000 when he joined Juventus in 1957, and four years later Denis Law joined Torino in the first £100,000 transaction involving a British club.

...
Wikipedia